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Web Monetization + NFT = ... ?

Radhy
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・1 min read

This is a discussion thread related to NFTs + Web Monetization. Tell us your idea on how creators can provide more value for their fans with NFT!

Pairing with NFT doesn't have to be limited to Web Monetization, you can also present your idea by combining NFT with Interledger payments or smart contracts and so on! And also don't worry about the ideas being technically impractical for now--shoot us your hypothesis or wildest idea, let's having a good discussion about them!

NOTE:
XRPL project issued grant for projects that building stuff around Ripple's blockchain ecosystem, which is including their new and shiny scalable NFT in XRP Ledger! Doing NFT in XRP Ledger is awesome so do checkout their grant program, you can learn about XRPL grant more here, and learn more about doing some NFT on XRP Ledger in their announcement and the introduction post!

For previous example on how pairing Web Monetization and NFT, you can read Andrzej Mazur's (@end3r ) report here.

Discussion (5)

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antoniotalarico profile image
Antonio Talarico

@radhyr The XRPL project has just created a grant that brings NFT's to Ripple's blockchain. Their first batch of applicants has already gone through last week, but there are more on the way. I recommend you to check it out.

Their focus is not ONLY on NFT but for the first batch that was the case. Interesting development ahead.

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radhyr profile image
Radhy Author

Thanks for reminding me @antonio_kendraio !

At the moment I don't have plan to submit proposal for XRPL grant since they do have interview phase which is a bit overwhelming for me at the moment. Nonetheless, others might be interested and so I'll put it on the end of the post as a postscript note.

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end3r profile image
Andrzej Mazur

Thanks for the mention - I think mixing and matching stuff like Web Monetization and NFTs can only benefit the community, as creators can offer more diversified ways fans can support them. Right now it feels devs implementing Web Monetization in game jams we're organizing are a totally separate group from those doing NFTs and developing within Web 3 / blockchain, but it starts to change.

With optional categories in js13kGames competition and Gamedev.js Jam we see some devs are trying to implement both, and this maximizes the reach. I've noticed the first year of js13kGames having Web Monetization category in 2019 was more like an experiment of how this new tech can even be implemented, while the second year in 2020 people went creative and the level of quality was way higher. I bet the third year in 2021 should bring even more diversified and unique ways, and tossing in decentralized tech will only make this more fun.

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radhyr profile image
Radhy Author

Indie games have been in the frontline of creative experimental breakthrough for a few years, I'm excited to see more innovative approach from game devs to enrich both Web Monetization and NFT ecosystem in the future 🚀🚀🚀

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radhyr profile image
Radhy Author

As for me I've been tinkering with the possibility of having a decentralized venture capital-style crowdfunding where creators can issue shares in form of NFT tokens, and give chances for their fans to become stakeholders by buying their shares so that creators have fund to activate their projects.

Then it'll be great if we can somehow put a payment pointer to the NFT tokens in the metadata, where the revenue from creators' projects can be shared amongst stakeholders to the payment pointers in every shares (the NFT tokens) issued before. These payment pointers in the NFT metadata can be changed later on if the owners of the shares decide to sell their shares to someone else.

This idea can be automated with smart contracts like Solidity or Codius, but I think the simplest implementation would be creators would put a list of issued token in simple txt file and put them into immutable IPFS, and invite stakeholders to pin the IPFS url. This IPFS pinned txt file will be the anchor of shares lists when creators paid their stakeholders their dividend shares (presumably using Dividend Revenue Share scheme).

Creators and their community can decide whether they want to open the secondary market where their shares can be traded or not, which details I haven't think of at the moment.